Chapters
Annual Report 2020

2020 Remuneration for the Supervisory Board

The Annual General Meeting determines the remuneration of Supervisory Board members. Their remuneration is not linked to the financial results of GrandVision and they do not receive any performance or equity-related compensation, nor accrue any pension rights with GrandVision. None of the Supervisory Directors may hold shares, options for shares or similar securities other than as a long-term investment. The remuneration of the Supervisory Board members has not been adjusted in the last years. The fixed base fee for the Supervisory Board membership is EUR 50,000.

The total aggregated remuneration of the Supervisory Board in 2020 was EUR 302,500. Supervisory Board members are reimbursed for all reasonable costs of travel, accommodation and representation incurred in the performance of their duties.

As of 31 December, 2020 Supervisory Board Chairman Kees van der Graaf held 2,100 GrandVision shares as a long-term investment. None of the other Supervisory Board members held any GrandVision shares or options on GrandVision shares.

For more information, please refer to GrandVision's 2019 Remuneration Policy.

2020

2019

2018

2017

2016

C.J. van der Graaf, Chairman

72,500

72,500

72,500

72,500

72,500

M.F. Groot, Vice-chairman

60,000

60,000

60,000

60,000

60,000

P. Bolliger, member

60,000

60,000

60,000

60,000

60,000

J.A. Cole, member

60,000

60,000

60,000

60,000

60,000

R. Meijerman, member

50,000

33,333

-

-

-

W. Eelman, former member

-

15,000

60,000

60,000

60,000

302,500

300,833

312,500

312,500

312,500